National Business

As the price of just about everything has risen over the past few years, Canadians looking to rein in their spending usually turn to discretionary costs first.

CALGARY — Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility.

MISSISSAUGA, Ont. — Chartwell Retirement Residences has signed a deal to buy a retirement residence complex in Montreal for $136 million.

WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.

CAPE CANAVERAL, Fla. (AP) — NASA’s two stuck astronauts took their first spacewalk together Thursday, exiting the International Space Station almost eight months after moving in.

FRANKFURT, Germany (AP) — Europe’s economy stagnated at the end of last year as former growth engine Germany floundered to the end of a second straight year of shrinking output, officials said Thursday.

TORONTO — The Canadian Radio-television and Telecommunications Commission is looking into the rates for phone calls at correctional facilities across the country, spurred by high long-distance charges that families of inmates at Ontario jails had to

VICTORIA — The British Columbia government has approved a legal order to extend temporary protections to an old-growth forest on Vancouver Island even as the minister of forests acknowledged that the RCMP are investigating reports of tree spiking in

OTTAWA — The federal New Democrats are urging the Liberal government to move quickly to complete expansion of the dental care program and start signing deals with the provinces and territories to begin pharmacare coverage.

CALGARY — As the threat of 25 per cent tariffs looms over Canada, Alberta's premier says Ottawa should appoint a "border czar" to work collaboratively with the United States.